Kylin Network (KYL) Project Overview
Kylin Network (KYL) is a cross-chain data infrastructure platform built on Polkadot. Its core objective is to provide reliable and efficient data oracles and data feed services for decentralized finance (DeFi) and Web3.0 applications. By aggregating and validating off-chain data, Kylin Network aims to provide secure and trustworthy external data sources for smart contracts, thereby supporting various decentralized applications.
KYL is the native utility token of the Kylin Network ecosystem. Its primary uses include:
- Network Security: Staking KYL tokens to participate in network security maintenance and data validation.
- Fee Payment: Used to pay for transaction fees and data query fees within the network.
- Protocol Governance: KYL token holders can participate in voting on Kylin Network protocol upgrades and important decisions.
Kylin Network was launched in 2020, and its official whitepaper was released in the same year. The Initial Coin Offering (ICO) for KYL tokens took place from March 1 to March 5, 2021, raising a total of $12.45 million. Notably, Kylin Network (KYL) recently completed a migration from its old contract address to a new one.
KYL Token Market Status and Liquidity Analysis
According to market data as of October 9, 2026, the circulating market capitalization of KYL tokens is approximately $1.331 million, placing it relatively low in the cryptocurrency market. The circulating supply of the token is approximately 270 million KYL, with a total supply and maximum supply of 1 billion KYL. KYL's all-time high price reached $2.22, while its ICO price was $0.05.
However, the current market activity for KYL tokens is extremely low. Data shows that its 24-hour trading volume is only about $4. Such a meager trading volume indicates that the token no longer has an active trading market and lacks effective transactions. For investors, this means that the liquidity of KYL tokens has almost dried up, making it difficult for buyers and sellers to conduct effective transactions, and the price discovery mechanism may also be dysfunctional.
Given the extremely low current trading activity of KYL tokens, reliable active trading channels can no longer be confirmed in public information. Investors are urged to verify with caution and fully understand the inherent liquidity risks.
Kylin Network Team Background
The Kylin Network team consists of 21 members with diverse backgrounds in technology, finance, and marketing. Team members have previously worked at renowned blockchain projects and traditional financial institutions such as Wharton School, Columbia University, Harmony, and Credit Suisse. This diverse background provides support for the project in technical development, market expansion, and compliance operations.
